The 3 Most Important NFT Projects of 2022: Which One Will Take You to the Moon?
Non-Fungible Tokens (NFTs) or digital collectibles were in the spotlight throughout 2021. This influx of interest in NFTs continues in 2022 as hundreds of international celebrities have hopped on to this trend. If you’re struggling to wrap your non-crypto brain around the concept of NFT art, here’s a simplified guide.
What is an NFT?
Non-Fungible Tokens are digital tokens on secure blockchains that represent ownership of unique items like digital drawings, paintings, music, etc. There can only be one authorized owner of a unique NFT at one time. NFTs are secured by their respective blockchains. For example, every NFT on Rarible (an NFT marketplace) is secured by the Ethereum blockchain.
In short, NFTs are digital items that can be created, traded, collected, and sold by anyone familiar with NFT marketplaces. If you’re still wondering, “what is an NFT?” and how you can make money from them, good. There are several NFT projects in 2022 that present incredible financial opportunities.
Buy these NFTs now, and your digital assets may increase considerably in value in the future. So, which NFT projects are the hottest and the most financially lucrative in 2022? Here’s our top 3 list
The first NFT project launched on Ethereum was CryptoPunks in 2017. Larva Labs created 10,000 unique, algorithmically generated collectible tokens to launch the CryptoPunks collection. All characters in this project look like pixelated versions of “crypto punks.” You can also find zombie punks, ape punks, and alien punks in this collection.
Since this collection is limited and extremely popular, its market demand is incredible. In 2021, a CryptoPunk NFT with an alien avatar sold for a whopping sum of $7.6 million. Some famous “CryptoPunks” include – Serena Williams, Paris Hilton, Jay-Z, and various other holders of CryptoPunk NFTs.
Decentraland is a relatively new NFT project. But, it’s quickly growing in popularity. Launched in July 2020, Decentraland is built on the Ethereum blockchain. It allows users to enter a virtual reality world where they can create avatars, buy land, and even build homes. All these virtual properties are easily tradable on Decentraland, including any digital collectible made by a user.
Buying a piece of “land” on Decentraland is getting more expensive every month. In November 2021, pieces of land worth over $15 million were sold on Decentraland. Decentraland is a relatively new and promising NFT art project every investor should have on their radar.
Bored Ape Yacht Club
By far the most famous NFT project of 2021. The Bored Ape Yacht Club, or simply “BAYC,” is the fastest appreciating collection of collectibles in the market. Various celebrities, including rapper Eminem, YouTuber Logan Paul, etc., are using BAYC “apes” as their social media profile pictures.
BAYC was launched in April 2021. In less than 9 months, the prices of BAYC “apes” have skyrocketed. Of all the NFT projects in the market, this one has had the most significant cultural impact. Even the people who have no interest in NFTs know the “cool apes” they saw on Twitter or Instagram.
These NFT projects will continue to attract attention and money in 2022!
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